Tronox Holdings plc (NYSE:TROX) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA raised its holdings in Tronox Holdings plc (NYSE:TROX) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,311,700 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Primecap Management Co. CA owned about 0.83% of Tronox worth $20,581,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Tronox in the 2nd quarter valued at $83,000. SG Americas Securities LLC purchased a new stake in Tronox during the 1st quarter valued at about $124,000. nVerses Capital LLC acquired a new position in shares of Tronox in the second quarter valued at about $121,000. TFO Wealth Partners LLC raised its stake in shares of Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after purchasing an additional 7,825 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after purchasing an additional 861 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Trading Down 1.8 %

Shares of Tronox stock opened at $12.18 on Thursday. The firm has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $16.43. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. Tronox Holdings plc has a fifty-two week low of $10.08 and a fifty-two week high of $20.70.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. Equities research analysts forecast that Tronox Holdings plc will post 0.44 earnings per share for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, August 26th. Tronox’s payout ratio is presently -22.42%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TROX. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. UBS Group reduced their target price on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Barclays lowered their price target on shares of Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Mizuho assumed coverage on Tronox in a research note on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, The Goldman Sachs Group lowered their target price on Tronox from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tronox presently has an average rating of “Hold” and an average price target of $18.67.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.